When it comes to buying bitcoins, we have many options.
But when it comes to holding bitcoins as well as other cryptocurrencies such as XRP, Monero, ETH / ETC, LTC, or any other, we have limited options.
The market of AltCoin is booming, but due to the slow development process, we often face challenges in purchasing those cryptocurrencies.
The best way to hold different types of cryptocurrencies is by exhange cryptocurrency.
Note: As the cryptocurrency field is not very old yet, we have to be careful with different types of cryptocurrencies website. Here we only talk about working and genuine sites with you. If we believe that a site is spammy, we let you know in advance.
When it comes to exchanging cryptocurrencies, you may have heard about Changelly on different forums (such as in the bitcoin thread of Reddit). I have previously told about converting bitcoin from Shapeshift to ETH and other currencies and I came to know about Changelly only a few days ago.
First, some questions that I had in mind about Changelly:
- Is Changelly a legit site or a spam?
- Can I trust Changelly for my money?
- What if something goes wrong? Can I get any support?
I started searching and read many reviews about Changelly.
Some people even suggested that Changelly is a good alternative to Shapeshift.
After a few hours of research, I thought I should try Changelly once.
This review of Changelly is based on my personal experience and will give you all the information that you should know before starting with Changelly.
Changelly Review: Can you trust this cryptocurrency exchange website?
So first of all, Changelly is a trustable site that you can use to exchange between different cryptocurrencies.
Their interface is quite good and they have some features that have convinced me that it is no. For cryptocurrency exchange. There is 1 website.
Changelly allows you to buy bitcoins with a credit / debit card before anything else. Even then I would not recommend you buy bitcoins from it because the price of bitcoin here is very high. Instead, read our article below to buy bitcoins:
Let's take an overview of Changelly:
Features of Changelly:
- Exchange bitcoin in any other supported cryptocurrency.
- The exchange fee is only 0.5%.
- USD supports Tether.
- Bitcoins can be purchased from here on credit / debit card.
- You can create a user account and also track your past exchanges.
I personally like their account history feature because exchanges often do not happen in real-time.
You can login to your account anytime and see the status of your current or past exchanged cryptocurrency.
In April 2017, Changelly had 1,000,000 users. This makes it clear that to exchange cryptocurrency, in a very short time it has become a very popular website.
Complete Guide for Beginners, to get started with Chnagelly
- Go to Changelly's homepage.
- Select the currency you want to exchange.
Let's assume for this tutorial that you are exchanging from BTC to XRP.
On the next page you will see the exchange rate.
Note: If you want to create an account, then you must create it.
On the next page, you have to write the address of the wallet, where you want to transfer or say that you want to receive the converted cryptocurrency.
In this case, we are entering an XRP wallet address, which you can get from Ledger Nano s or Gatehub.
Before Changelly gives you a deposit address, it will give you all the details. Do not hurry up and read your information carefully once more.
Here you will see the address of that wallet, in which you will have to deposit cryptocurrency. (In our case it is 0.1 BTC)
Once you deposit funds, it may take from a few minutes to an hour to complete the exchange.
Note: I have used this site 4 times and every time the exchange was done within 10 minutes.
Once your exchange is over, you will also get an email that you will be transferred.
You will be able to see this receipt anytime from the dashboard of your Changelly.
Conclusion: Is Changelly a legit website?
Changelly is not only a legit website but also a tool that every cryptocurrency user should use.
He is adding his support for all types of cryptocurrencies (if there is any problem), which is a very good thing.
In short, Changelly can save you a lot of time if you want to hold on a lot of cryptocurrencies.
Do you have other cryptocurrency exchange websites apart from Changelly and ShapeShift? So tell us through comments.
Also read our below articles about bitcoins:
Don't forget to share this article with your friends interested in bitcoin!
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